From “Made in China” to “Intelligent Manufacturing from China”

China seized its opportunity at the end of last century to develop manufacturing industry when the third industrial revolution and globalization was in full swing, adding powerful fuel to China’s economic growth. Over four decades since the start of reform and opening up, China grew rapidly into the “world’s factory”, and “Made in China” began to bring its prominent cost advantage into play.

Oct 11, 2017

Alibaba’s 18th Birthday: Is Jack Ma an Idealist or a Braggart?

On Sept. 8, China’s e-commerce giant Alibaba Group celebrated its 18th anniversary in Hangzhou, capital of east China’s Zhejiang Province.
Around 40,000 Alibaba employees from dozens of countries and regions attended the party. Employees and executives enjoyed the event together. Jack Ma, Chairman of Alibaba, even performed a classic Michael Jackson dance together with some of the other business partners.

Sep 15, 2017

What are They Interested In?

The leaders of Brazil, Russia, India, China and South Africa met in China coast city Xiamen early September.
The summit of the BRICS nations brings together five major new emerging economies, who are seeking a greater say in world affairs.
A number of overseas media, including many from non-BRICS countries, also keeps a close eye on the latest reports from the summit.
So, what aspects are they focusing on?

Sep 8, 2017

Ambassadors on BRICS Plus

Then how do other developing countries make of the proposal? What opportunities does the BRICS Plus promise to them? To get some insight about these, China Today interviewed ambassadors of Iran, Georgia, Nepal, and South Sudan to China as well as two diplomats from Argentina and the Hashemite Kingdom of Jordan.

Sep 4, 2017

UK Chancellor: We Want to be China’s Best Partner in the West

“There are those who say we should fear China’s rise – that we should somehow guard ourselves against it. But we reject such thinking, which would simply leave the UK slipping behind. Instead, we should embrace it,” George Osborne, the UK’s Chancellor of the Exchequer, announced shortly before his five-day trip to China. The declaration was boldly made in an Observer article, which was also co-written by Lord O’Neil, a past economist for Goldman Sachs and the present commercial secretary to the UK’s Treasury. The article argues that “The future prosperity of [ the UK] depends on us strengthening our relationship with the world’s next superpower.” O’Neil and Osborne put forth that by reinforcing the UK’s relationship with the world’s second largest economy, the British would gain greater business opportunities in areas such as manufacturing and infrastructure, whilst the country’s economic stability would also be promoted as more Chinese enterprises would be drawn to expand their businesses in the UK. In some ways, the article almost reads as a love letter to China – surging with the enthusiastic compliments that are almost certainly aimed at getting the Chinese weak at the knees. The grand affirmations – such as “want[ing] to make the UK China’s best partner in the west,” – definitely give off such an impression. These songs of praise […]

Dec 25, 2015